Gartner Research

Benchmarking for Strategic Advantage

Published: 17 January 2019

ID: G00376861

Analyst(s): Chris Ganly, Sanil Solanki

Summary

Beyond merely establishing and monitoring a cost baseline, benchmarking can be used to drive the organization and deliver its business strategy and outcomes. CIOs should understand the three different types of benchmarking and their associated benefits to apply the one appropriate to their needs.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Understand the Types and Benefits of Benchmarking
    • Cost Benchmarking
    • Price Benchmarking
    • Price Validation/Contract Reviews
  • Drive Where the Organization Should Be Spending
  • Deliver a Strategic Advantage to the Business

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